James,The purchase price and the Current market price of the properties are not what your Insurance should be based on. 

Check out the BP meet-up forums for Cincinnati, Ohio area and you will see "Real Estate on Tap" and can see the information for each meeting hosted and the topic based on the speaker.

If you do need a loan consider looking at agricultural based banks such as Agcredit, Farm credit, etc. 

But they will give you even more valuable advise where to actually invest in the Houston area based on their years of experience.

Mostly I want to know other downsides to commission based off sqft rather than %.

(https://audr-apps.franklincountyohio.gov/Calc/TaxEstimate) Based on that estimator, with the current purchase price the property tax would be ~2.5x of what is currently being paid.

I am an aspiring investor, and I'm based in a suburb of Houston, TX.

Establishing a robust financial base is vital, as it echoes your investment aspirations and capacity for risk.

You’re gonna love these prices in 5 years.A Closer Look: Tennessee Let’s switch gears, and do a brief, closer look at a part of the US that is doing quite well: my home base of Tennessee.

Our assistant property manager, Julie would be a great person to connect with as we are also based in Pennsylvania, so hello from Pittsburgh!